PSP Projects rose 1.94 per cent to Rs 648.50. They emerged as the lowest (L1) bidder for a government project to develop a world-class sustainable tourist/pilgrimage destination in Gujarat with a bid value worth Rs 345.30 crore.

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This project is a multidisciplinary construction company offering allied services across industrial, government, residential project and government residential and a diversified range of construction in India.

On a consolidated basis, the net profit of the PSP project hit a high of 16.58 per cent to Rs 29.04 crore on a 9.68 per cent increase in sales to Rs 348.08 crore in the first quarter of FY23 over the first quarter of FY22.